Insurance questions

Soldato
Joined
19 May 2005
Posts
7,049
Hi all,

I'm going to pick up a new car on Wednesday, and intend to insure it from tomorrow evening (so I can get tax sorted). Does anyone know if I have a penalty free option to cancel the insurance for a certain number of days, just in case things fall through?

Also, is there usually much difference in paying insurance monthly compared to annually (in price)? I can't really afford to pay the £1k deposit, car tax and £1600 in insurance in a single month. I will be insured with Elephant.

MTIA,

Nick
 
Cool, many thanks guys - I think I'll load it onto a credit card, and pay it off in the month if I can, if not spread it over two months.
 
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